Gold price (XAU/USD) rallied over 1% on Friday and settled near the weekly top following the release of the US Producer Price Index (PPI), which pointed to a favorable inflation outlook and suggested that the Federal Reserve (Fed) will cut interest rates further.

Equity markets rose to new record highs last week, but there are significant downside risks if there is protracted winner uncertainty for the U.S. presidential election.

The USD/CAD pair prolongs its uptrend for the ninth straight day and climbs to the 1.3785-1.3790 area, or its highest level since August 7 during the Asian session on Monday.

The Indian Rupee (INR) recovers some lost ground on Monday after retreating to an all-time low in the previous session.

The Pound Sterling (GBP) booked the second straight weekly loss against the US Dollar (USD), sending the GBP/USD pair to the lowest level in a month below 1.3050.

NZD/USD depreciates after registering gains in the previous two sessions, trading around 0.6090 during the Asian trading hours on Monday.

Gold price (XAU/USD) edges lower to $2,650, snapping the two-day winning streak during the early Asian session on Monday.

The AUD/USD pair attracts some sellers to around 0.6730 and during the early Asian session on Monday.

China’s Consumer Price Index (CPI) rose at an annual pace of 0.4% in September after reporting a 0.6% growth in August.

West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $74.10 per barrel during the Asian hours on Monday.

The GBP/USD pair struggles to capitalize on Friday's modest gains and attracts fresh sellers at the start of a new week.

The Australian Dollar recovered some ground against the Greenback on Friday after a measure of prices paid by producers reaffirmed that inflation is coming down, warranting further easing by the Federal Reserve.

The Canadian Dollar (CAD) fell against the Greenback for an eighth consecutive trading day as markets pivot out of the Loonie in favor of the US Dollar.

The Dow Jones Industrial Average (DJIA) rose over 400 points bottom-to-top on Friday, bolstered into a fresh record high of 42,837 after US Producer Price Index (PPI) inflation figures cooled in September.

NEW YORK, – Global stocks rallied on Friday, buoyed by positive U.S. bank earnings reports, and positioned for a weekly gain. Meanwhile, U.S. Treasury yields

Gold rallied over 1% on Friday, with the yellow metal set to end the week with modest gains of 0.20% after inflation data revealed on Friday and the Consumer Price Index (CPI) report on Thursday capped the Greenback’s advance.

The Mexican Peso registers gains against the Greenback for the second consecutive day after hitting a low of 19.61 in early trading on Thursday.

The Indian rupee weakened further on Friday to breach the 84 mark against the US dollar, hitting a new historic low closing level. According to data from